The typical owner-occupied home in Ponce Municipio is worth about $110,200, 16% below the Puerto Rico median of $131,500 and 67% below the national median of $332,700. Owners pay a median $655 a year in property taxes, about 0.59% of their home's value, higher than the Puerto Rico rate of 0.49%. The median household earns $19,877 a year, so the median home costs 5.5 times the median income (5.0 times for Puerto Rico). 67% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Ponce Municipio at a glance
| Ponce Municipio | Puerto Rico | U.S. | |
|---|---|---|---|
| Median home value | $110,200 | $131,500 | $332,700 |
| Median property tax paid per year | $655 | $646 | $3,119 |
| Property tax as a share of value | 0.59% | 0.49% | 0.94% |
| Median household income | $19,877 | $26,297 | $80,734 |
| Homes lived in by their owners | 67% | 68% | 65% |
| Owner homes with a mortgage | 28% | 37% | 61% |
| Median monthly costs, owners with a mortgage | $837 | $946 | $1,963 |
| Those costs as a share of the owners' income | 25.8% | 24.1% | 21.0% |
| Median rent | $536 | $578 | $1,413 |
| Rent as a share of renters' income | 32.4% | 30.4% | 30.6% |
| Median year homes were built | 1976 | 1979 | 1980 |
| Vacant homes | 19.9% | 21.0% | 10.1% |
| Population | 132,760 | 3,234,309 | 334,922,499 |
What a typical home costs per month in Ponce Municipio
At this week's average 30-year rate of 7.11%, buying the median Ponce Municipio home of $110,200 with 20% down costs about $693 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $877, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $29,707 for the 20%-down payment. That payment is 42% of the median Ponce Municipio household income of $19,877; at that income and 20% down, the 28% guideline points to a home of about $74,000.
The median rent here is $536 a month, so owning the median home costs about $157 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,040 |
|---|---|
| Loan amount | $88,160 |
| Principal and interest | $593 |
| Property taxes (0.59% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $693 |
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| Down payment | $3,857 |
|---|---|
| Loan amount | $108,204 |
| Principal and interest | $728 |
| Property taxes (0.59% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $877 |
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Questions about home buying in Ponce Municipio
What is the median home value in Ponce Municipio?
About $110,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ponce Municipio?
Homeowners pay a median $655 a year, which is about 0.59% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ponce Municipio?
For the median home with 20% down at 7.11%, the payment is about $693 a month. Keeping that under 28% of gross income takes about $29,707 a year.
More about Ponce Municipio
- Mortgage Refinance in Ponce Municipio
- Debt Relief in Ponce Municipio
- Home Equity Loans in Ponce Municipio
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data